Question

    A bicycle was sold for Rs. 3150, making a profit of 25%. If

    the selling price had been Rs. 2900 instead, what would have been the profit or loss percentage?
    A 14.86% profit Correct Answer Incorrect Answer
    B 18.34% loss Correct Answer Incorrect Answer
    C 11.34% loss Correct Answer Incorrect Answer
    D 15.08% profit Correct Answer Incorrect Answer

    Solution

    ATQ,
    SP = Rs. 3150 and profit percentage = 25%

    So, CP = 100/125 × 3150 = Rs.2520
    Now, new SP = Rs. 2900
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